Economic

In 2018, 13.819 million passengers passed through Henri Coand? airport in Bucharest, up 7.9% compared to 2017, which ranks 34th in the ranking of the busiest airports in the EU, increasing compared to 37th place in 2017, shows data released by Eurostat on Friday.
In 2018, 1.1 billion passengers travelled by air in the European Union (EU), up by 6% compared with 2017 and by 43% compared with 2010. Over this period, air passenger transport has steadily ...

Wizz Air has announced today further development of the operation in Bucharest basing 1 new Airbus A321 aircraft. The new aircraft will enter the WIZZ fleet in July 2020, and will increase the local Bucharest fleet to a total of 13. From July 2020, Wizz Air will also launch two new routes from Bucharest to Prague, in Czech Republic and Seville, in Spain, which will be only connection between the Romanian Capital and the Andalusian city.
Prague is one ...

The volume of transactions in the Romanian real estate sector was slightly below EUR 500 million in the first three quarters of 2019, at a level comparable to that seen in the same period last year, and will edge up by a mere EUR 100-200 mln in Q4 to result in a yearly total of EUR 600-700 mln, the lowest level in six years, according to real estate consultancy firm Colliers.
The reason for the subdued activity in Q4 is that several large transactions ...

Fruits and vegetables were 4th and 5th in the ranking of retailed products in Romania in 2018, after meat, cigarettes and beer, according to data released at an event dedicated exclusively to the fruit and vegetable industry.According to the same source, fruit consumption in modern retail was higher by 15% in volume and 10% in value, between November 2018 and October 2019, according to data extracted from the sales analysis of six modern retail trade chains in ...

Compared to the previous month, in October 2019 the retail turnover volume (excluding the trade with motor vehicles and motorcycles) increased both as gross series by 2.0% and as adjusted series according to the number of working days and to seasonality by 0.8%.
Compared to the corresponding month of the previous year, the retail turnover volume (excluding the trade with motor vehicles and motorcycles) increased ...

The Romanian IT market will reach a volume of EUR 5.9 billion by the end of the year, and will go up to about EUR 7.3 billion in 2022, according to a study by the Romanian Employers Association in the Software Industry (ANIS). Exports will account for about 80% of the total volume this year.
The volume of the local IT market has increased in recent years at a relatively constant rate of around EUR 500 million per year. Thus, ANIS estimates a volume of ...

Romania is among the EU states where the population spent the most on communications, a recent Eurostat survey says.
In Romania, communication spending increased the most among all EU member states.
In 2018, households in the European Union (EU) spent over EUR 200 billion (equivalent to 1.3% of EU GDP) on ‘communications’. This represents 2.3% of households’ total consumption expenditure. By ...

Cataract surgeries, which means the extraction of the lens from an eye, were conducted 4.7 million times in 2017 across the EU Member States, a recent Eurostat survey shows.
. In 13 of the Member States, cataract surgeries were performed 1 000 times or more per 100 000 inhabitants in 2017, peaking at 1 400 times per 100 000 inhabitants in Portugal (2015 data), followed by 1 300 each in Austria, France, Czechia and ...

In Romania, Cyprus and Denmark each person consulted a dentist on average 0.5 times per year or less, says a recent Eurostat survey on how often did Europeans visit the dentist in 2017.
The average number of consultations of dentists is far lower than the average number of consultations of medical doctors. Among the EU Member States in 2017, the Netherlands ranked first, with 2.8 consultations of a dentist on average per year, followed by Czechia and ...

The Ministry of Health started on Friday the procedure for the public acquisition of the services of design and technical assistance for the Regional Emergency Hospital in Iasi, shows a press release sent to the ministry.
According to the quoted source, the procedure of restricted bid for the acquisition of the services of design with a view to drafting the technical project necessary for the execution of the works for the project ‘ The ...

Poiana Brasov, Sinaia and Predeal occupy the first three places in a top of the mountain resorts as over 62% of the Romanians spend their winter holidays in Romania, according to a study made by OLX Cazare si Turism. ‘In the general ranking, which includes all criteria analysed in the study, the first is Poiana Brasov (25%) followed by Sinaia (11%) Predeal (9%), Busteni (6%) and Vatra Dornei (6%). The Romanians manifested a preference for Poiana Brasov, as it is the ...

The ministry of agriculture Nechita-Adrian Oros stated that at present there are 727 traditional produce registered on Romanian tops and seven registered on European tops, and other four produce under verification with the European Commission.
‘Other four produce are under verification with the European Commission: cascaval of Saveni (processed cheese) – IGP (Protected Geographical indication), pike eggs salad of Tulcea – ...

The Association of the European Automobile Constructors (ACEA) announced that the new vehicles sales în Europe (EU plus the EFTA) registered a growth of 8.6% in October 2019 as compared to the same month of last year, the most dynamic auto market being that in Romania, where the registration of new cars had a growth of 58.1% annually, Reuters says.
In Romania, in October 2019 there were registration of 10,649 cars up by 58.1% as compared to 6,736 ...

The stock of modern real estate in Romania continues to be driven by the robust demand in the industrial, logistics and office segments of the market, in line with the rising number of employees and foreign investments, according to a report by real estate consultancy firm JLL.
The total stock of such modern real estate properties surpassed 11 million square metres (sqm) at the end of September as the projects delivered in the first three quarters of ...

Real estate consulting firm CBRE announced that it was selected to provide property management services for two projects developed by local group One United in the north of Bucharest, namely the One Tower office building and the One Mircea Eliade residential complex.
The two projects have 24,000 sqm of offices and 247 apartments in the high-end segment.
Thus, the portfolio managed by CBRE exceeded 800,000 sqm, reconfirming the ...

Herbicides were the most frequently used pesticides for plant protection in Romania in 2018, both in solid form (52.5%) and in liquid form (52.7 %), according to data with the National Institute of Statistics (INS) on the use of pesticides in agriculture in 2018.Of the amount of plant protection products used in solid form, fungicides have the highest share in the total plant protection products used (71.1%), followed by insecticides (13.9%) and herbicides (10.7% ...

Romania is facing faces "a lack of consistency" in drugs regulations and policies presidential advisor Diana Paun told a news conference on Wednesday, adding that innovative treatments are hard to introduce and generic drugs are disappearing from the market.In her opinion, Romanian patients' access to medicines was and continues to be a major challenge."Access to medicines of patients in Romania was and continues to be a major challenge. Pricing and ...

The profit margin in the dental industry is 20 pct, but many physicians are paid dividends, said Ionut Leahu, founder and CEO of Dr Leahu Dental Clinics, at the listing event on the Bucharest Stock Exchange (BVB) of bonds issued by Implant Expert DSO.Ionut Leahu said that the entrepreneurs in the field do not have a good financial education and for this reason they do not have a clear situation, they are scared by bank loans, the stock exchange, they have an ...

Romania has the highest death rate from preventable and treatable causes are among in the EU, reads the latest European Commission report on the State of Health in Romania.
“Although it has increased, Romania has among the lowest life expectancy in the EU. This reflects unhealthy behaviours, but also socioeconomic inequalities as well as substantial deficiencies in health service delivery. The Social Health Insurance system provides a ...